How to Buy a Home and Have Your Avocado Toast Too

By now most of us are aware of the viral article from this past spring that blamed the millennial generation’s inability to contribute to the housing market and buy a home is their avocado toast obsession. But we’re here to tell you that there is a way to not only have your cake, but eat your avocado toast, too.

This leaves us with roughly $959.96 (give or take a penny), and we’ll take away $359.96 for miscellaneous expenses like food, clothes, craft beer, and let’s not forget that avocado toast. According to the above mentioned article, millennials are spending $19 on each of these pieces of toast deliciously smothered in avocado—an over estimation, we’re aware, but we’ll go with it. Let’s say that the avocado toast is a Sunday brunch treat, so that’s four times a month and amounts to $79. A pretty large percentage of your fun money, but treat yo’self. You work hard.

Finally, our imaginary budget leaves us with $600, which will give you enough to put 20% down to buy a home in the $250,000 range in just under 7 years. As a first-time homebuyer, though, 20% down is not a requirement. Make sure to look into your options.

We know that this isn’t an exact template. Its purpose is mainly to show that it is not an impossibility for the millennial generation to buy a home. You are allowed to indulge in the things you like while paying off your debts and save for an affordable home somewhere down the line.